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IFS certifies 5,000 advisers

The Institute of Financial Services has revealed that 5,000 advisers have now taken its Certificate in Regulated General Insurance.

The single-module qualification was developed around the tried and tested model of CeMAP, the benchmark qualification for mortgage advisers.

The regulation of general insurance activities requires that employers have in place suitable competence and training arrangements for those carrying out regulated activities.

Mark Roberts, head of faculty financial regulation at the ifs, says: Combining CeRGI, training and testing on processes and products specific to the individuals tasks, along with suitable methods of assessing competence in the workplace, can form the basis of a scheme to provide evidence of competence required by the regulators.


Berkley Alexander launches age-banded MPPI

Young people are set to benefit from the launch of the first fully age-banded Mortgage Payment Protection Insurance solution incorporating a three-month initial payment holiday. Launched by Berkeley Alexander, MortgageLIFELINE can cut the cost of MPPI cover by almost 40% for a 30 year old.While traditional MPPI policies are flat-rated for premiums, a one size […]

MI launches stepped deal for graduates

Mortgage Intelligence has launched a deal designed to take graduates from university to their first step on the property ladder. The UNI-STEP deal combines a stepped fixed rate with a loan that could be 6 x the graduate’s income if supported with a parental guarantee. To ensure affordability, guarantors are assessed on an individual basis. […]

John Charcol comments on base rate hold

Ray Boulger of John Charcol, independent mortgage adviser, comments on the decision by the Monetary Policy Committee to keep base rate on hold at 4.5%:He says: “Whilst it was a foregone conclusion that base rate wasnt going to move, the MPC meeting will have had much to take into account due to the impact of […]


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